Work permit crackdown promise is 'empty words'
The Bahamian Contractors Association's (BCA) president yesterday branded as "empty words" the Prime Minister’s latest promise of a work permit crackdown and said he will believe it when he sees it.
Taxi chief: Fare raise was all about respect
The Bahamas Taxi Cab Union's (BTCU) president yesterday said that while the industry initially wanted a 25 percent fare increase it ultimately settled for 10 percent because “drivers are making money”.
Private sector mixed on jobless reduction
Bahamian businesses yesterday gave mixed views over recent unemployment data which revealed that, while the jobless rate declined to 8.8 percent, both the workforce's size and number of persons employed shrank.
Unemployment rate drop labelled a 'smokescreen'
The Opposition's finance spokesman last night argued that the 8.8 percent unemployment rate, the lowest for 15 years, is a "smokescreen" that masks the "significant" reduction in the labour force's size and number of working Bahamians.
'World has changed': IBCs taxed on foreign earnings
Bahamas-domiciled International Business Companies (IBCs) will have to pay tax on their overseas earnings from New Year's Day 2024 in an historic first for this nation, a senior official confirming: "The world has changed."
RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
CCA: Reverse Baha Mar sabotage 'in its entirety'
Baha Mar's contractor is seeking to overturn "in its entirety" a New York judge's verdict that it sabotaged Baha Mar's completion and orchestrated Sarkis Izmirlian's removal as the project's developer.
Fred to investors: 'Pay your fair share or look elsewhere'
The Progressive Liberal Party's (PLP) chairman has demanded that foreign investors "pay your fair share or look elsewhere" in response to push back over the Government's various new tax and revenue-raising measures.
BTC launches 'same speed' fibre packages
The Bahamas Telecommunications Company (BTC) has unveiled fibre packages that all provide the same Internet upload and download speeds as it seeks to deliver faster and more reliable connections.
'Grab the wheel tighter' in recessionary times
An entrepreneur says small businesses must “grab the steering wheel a little tighter” during a recession to ensure they have a better grip on their operations.
Global hike
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The Bank of England, the UK central bank, is raising interest rates to 5 percent in the fight against inflation.
BPL sees 'negligible' disconnection jump
Bahamas Power & Light (BPL) yesterday said it has seen a "negligible" increase in disconnections, with fewer than 2 percent of accounts cut-off in May, as consumers brace for the 163 percent peak fuel charge increase.
MP: Crown Land approvals four times' more than Minnis
The Davis administration was yesterday said to have approved in less than two years more than four times' the number of Crown Land applications granted by its predecessor during its whole term in office.
Tourism Development chief unveils 'City Pass' initiative
The Tourism Development Corporation's (TDC) head yesterday unveiled the development of a 'City Pass' that is designed to encourage locals to "fall in love with The Bahamas again" and boost domestic tourism.
Architects' chief 'can't let go' Building Control fight
The Institute of Bahamian Architects (IBA) president says his legal battle with Building Control "can't be let go" for the profession's greater good after he was refused permission to appeal to the Privy Council.
